skip to main content
 
 
 
News
In the News
Jan 4, 2019

Andrew Wilder quoted in Marijuana Business Daily regarding a change to the Bermuda laws

Share:
Marijuana Business Daily View original

Andrew Wilder, Chair of the Cannabis Law Group at Torkin Manes, was quoted in Marijuana Business Daily regarding a change to the Bermuda laws to allow Bermuda investment vehicles to invest into the legal cannabis market.

"Andrew J. Wilder, chairman of the cannabis group at the Torkin Manes law firm in Toronto, believes lifting the regulatory ban on funds could lead to greater capital access for legal cannabis businesses."

“People who wouldn’t otherwise be interested in investing, or who could perhaps invest more money, would likely find that by structuring some of their cannabis investments through a Bermuda fund to be an attractive option,” he said.

“… If they flow their money through such a fund, the taxes that would be payable in connection with monetizing the investments made by the fund should be less than they would otherwise be if the investor were to invest directly into the cannabis business, and as such, the return to the investor should generally be higher.”

To read the complete article, please visit Marijuana Business Daily

Related News

Firm News

Torkin Manes partners with #JLFToronto2019 to bring internationally acclaimed authors to the stage

Torkin Manes is proud to be a Festival Partner for #JLFToronto2019 held September 27-29 in Toronto’s historic Distillery District. Uniting inter...
Sep 30, 2019

Torkin Manes named Regional Law Firm of the Year at the 2019 Chambers Canada Awards

Torkin Manes is proud to announce that our firm has been recognized as the Regional Law Firm of the Year by Chambers and Partners at the 201...
Sep 17, 2019
Firm News

Torkin Manes shortlisted by Chambers Canada for the 2019 Regional Law Firm of the Year Award

Torkin Manes is honoured to be shortlisted by Chambers & Partners in the category of Regional Law Firm of the Year for the 2019 Chambers Canada Aw...
Aug 22, 2019